Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1887-11-24
The TREASURY.

Synopsis of the Annual Report of United
States Treasurer Hyatt. Showing the
Revenues and Expenditures OF the Gov
eminent for the Fiscal Year Ended June
80, 1887, the Coinage for the Year, Etc.
WASHINGTON, Nov. 1S.-The annual report OF
Mr.. James w. Hyatt, Treasurer of the United
States shows that the revenues of the Govern
ment for the fiscal year ended June 3D. 1887,
were s371, 403, 277, and the ordinary expenditures
Sg67, 932 179; the surplus receipts available for
the reduction of the public debt being S103, AL.
COT. AS compared with the previous year the re-
ceipts increased S3i, 96S, $50, the expenditures
s25, 1901 and the surplus revenues
S9,5f4509 There was increase in every
item of revenue. the largest being in the re-
ceipts for customs. The largest increase in the
expenditures was on account OF the Indians
and pensions, and the largest decrease on &C
count of interest on the public debt. The re-
ceipts of the Post Office Department amounted
to s4, 752, 347. and the expenditures to $685.
S35. The revenues. exclusive OF deficiency ap-
preparations, increased S3,5 70, 49j, and the ex-
penditures s2. ,a49. The amount drawn from
the treasury to make good the deficiency in the
pos revenues was s6,969,1sS as against
SS,7 2 in 1885, 8
This operations Of the year involved the re-
demption of s127. 81 $50 in the United States
bonds. of which S47,s94,3l0 was on account
OF the sinking fund: the issue of nearly Co.,
coo drafts and checks; the redemption OF up
wards Of Sl93, COB 900 in the United States paper
currency and National bank notes, and the
handling of s19e. 100000 in United States
bonds, deposited or withdrawn by National
banks.
Statements Of the assets and liabilities OF
the Treasury given for the close of the fiscal
year, and for September 30 and October 81, 1887,
in comparison with the same days last year.
The largest increase in any item of assets dur
ing the year ended September go was S34, 705,-
623 in gold coin and bullion, and the largest
decrease s26 143 1871 in silver dollars and bullion
The largest increase in the liabilities was in
the fund for the retirement of National bank
notes, which up from s65 Gle, SAT to S102 $685.
49, The available balance decreased S26, 1884,
524, and the total balance, includ-
ing fractional silver and minor coin,
fell off S2S, 1886 a51. During the year ended Octo-
Der 81 the gold balance increased A4,322. $685.
the silver balance decreased SCI 2S7, III and the
total balance ran up 81 ,959.2S3. The total as
sets at the end of this period, exclusive of GER
tihcates and other obligations held as cash.
were 1919, .965 and the total liabilities Ts62-
432.2 60. The statement of United States notes
outstanding shows that between June
30, 1884, and September 30, 1887, the
circulation of one and two dollar notes
ran down from s51,5oo,n0o to s15,40O,
Co., This decrease has been made up by
changes in other denominations, the volume
OF hves tens and twenties increas ng about
S43OOO,000 The shipments of legal tenders
and silver certificates Of small denominations
together with the increase in the circulation of
silver coins, during the fifteen months ended
September 30, amounts to upwards of $4,000,
900. while in addition several millions dollars
In small gold coins have been drawn into circu-
1ation.
Under the provisions of the act of June 8,
1872, certificates OF deposit amounting to S34,
800 600 were issued during the fiscal year for
United States notes lodged in the treasury.
The redemptions in the same period were $43,-
$4,000. There remained outstanding June 30
only 9,020, 000 which Is the least amount shown
at the end of any fiscal year since the issue
began. The treasurer attributes the limited
use of these certificates at this time to the
change IN bank reserves from notes to coin
and the demand for currency caused by BUSH
activity
There were no gold certificates issued during
the year. The redemptions amounted to So
6S7, AS. OF the total of ST. 81. $780, issued
from November, 1865, there were outstanding
at the close of the year 1921, ,Sl1. of which
$30261 $50 were in the treasury and So, 225 437
in circulation. The holdings of the treasury
decreased nearly s25, 0O0, 600 in the year. The
amount outstanding October 81 was S132 ,542, 931,
of which the treasury held $50, 85S 15S.
The silver certificates outstanding at the
close of the fiscal year amounted to $l45.543. l50
an increase of nearly S31,0o0000 in twelve
months The amount In the treasury fell on
in the same period from nearly Sa6,9G0.0oo to-
S. 425, 1885, while the increase in the actual cir
culation little more than So, O0), 900. The
increase in due part to the demand for small
notes arising from the discontinuance of
the issue of the legal tender ones and
twos. There we're put out during
the year &14, 156, 900 in dollar certificates,
S. $4,000 in twos and s7,76o, 900 in fves.
The treasurer believes that nearly all of the
trade dollars have been redeemed.
The coinage of standard silver dollars for the
fiscal year was sss $751; increase of s. ST.,
s25 over 1886. On October 81 the treasury held
1914 u.s. 32 and there were SG2, 81 1878 in cir
culation.
Between June 3d. 1856, and October 81, 1887,
the fractional silver coin In the treasury de-
creased from s2s 9O4 es1 to Sa4, 46s 1875, and the
minor coin from 1877 S14 to s51, 400 The and
cent pieces on hand are not more than sufh-
cient for payments over the counter. The
treasurer calls attention to the rapid decrease
in the redemption of fractional currency, and
shows by comparison with other paper issues
that larger amount than has been estimated
has probably been lost destroyed, the
amount outstanding June 30, as shown by the
books, was SIS, 322, 900 lille the redemptions for
the year were only ~, 1913.
The treasurer renews the recommendations
of his predecessors, that all of the postal rev.
enues be deposited IL the treasury and be dis
bursed on the warrant OF the secretary, ana
that the payment of Speakers certificates for
salaries and mileage of members OF Congress
be devolved upon disbursing officer.
Between the end of the fiscal year and Octo-
Der 81 the number of depository banks was in-~
creased from 200 to 220. At the latter &&te to-
treasury held bonds OF the market value
of s41,04s,326, to secure s3i, 767,475 Of
public moneys on deposit with these
institutions, an increase of over, $4,000, coo in
the market value OF bonds held, and q little
more than 5000, 900 in moneys secured for the
period The receipts of public funds by the
banks during the year were s12s, 4sa, 769, making
the aggregate from the beginning of the system
little short of q, 500, 900. There was de-
crease of Ss4, OOS, 100 during the year in bonds
held to secure the circulation of the National
banks, leaving on deposit Sl91, 963, 70). against
which there was outstanding st66, CPS 65s in Ma
tional bank notes.
Thfrsting for Freddie's Blood.